Market Update: Exelon Corporation (NYSE:EXC) – Exelon Corporation Declares Dividend

[Business Wire] – The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.31 per share on Exelon’s common stock. The dividend is payable on March 10, 2016, to shareholders of record of Exelon as of 5 p.m. Read more on this. Exelon Corporation (EXC) , valued at $25.60B, began trading this morning at $27.24. During the trading session, EXC traded between $27.22 to $28.00 with a trailing 52-week range being $25.09 to $37.77. EXC shares are currently priced at 10.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 8.51x earnings multiple for the same period. The company pays shareholders $1.24 per share in dividend income per year, for a current yield of 4.42%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.41 per share, which would be $0.07 worse than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $2.52 which would be a $0.13 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.87 Billion. If reported, that would be a 15.42% decrease over the year-ago quarter. More recently, Scotia Howard Weil Initiated EXC at Sector Perform (Nov 17, 2015). Previously, Guggenheim upgraded EXC from Neutral to Buy. The average price target for EXC shares by the analysts covering it is $33.53, which is 23.09% above where the stock opened. See more in (NYSE:EXC) Similar Articles: Market Update: Exelon Corporation (NYSE:EXC) – Exelon Posts EEI Financial Conference Presentation Company Update: Exelon Corporation (NYSE:EXC) – Exelon Corporation Declares Dividend Market Update: Exelon Corporation (NYSE:EXC) – Exelon and Pepco Holdings File for Reconsideration of Their Merger